Buyer Credit definition

Buyer Credit means the aggregate amount of all the Buyer Credit Commitments advanced or to be advanced by the Lenders to the Borrower under clause 2 or, where the context requires, the aggregate amounts advanced and for the time being outstanding.
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Buyer Credit means a Credit established by means of a loan extended by the Lender directly to a Borrower and evidenced by a Credit Agreement and a Note, which names the Lender as sole payee.
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Examples of Buyer Credit in a sentence

  • Cover not available unless specified in a Special Buyer Credit Limit endorsement, an Issuing Bank Credit Limit endorsement, or a Country Limits of Liability endorsement.

  • For private sector transactions, Discretionary Credit Limits are not available, and cover is not available unless specified in a Special Buyer Credit Limit endorsement or an Issuing Bank Credit Limit endorsement.

  • Names shall 10 remain on the reemployment list for two (2) years.

  • Under Special Buyer Credit Limit applications and Short-Term Single Buyer policies (ESS, FB, FV) requirement of the commercial bank obligor or guarantor will be evaluated on a case-by-case basis.

  • The subject matter of the Buyer Credit Guarantee shall be the claim to repayment of the amount agreed in the loan contract between the Policyholder and his foreign debtor and set forth in the Guarantee Declaration as the amount of credit paid to the German exporter (Guaranteed Amount).

  • Claims for damages, unless covered pursuant to the 2nd sentence of this paragraph, and any further ancillary claims, e.g. default interest, contractual penalties or forfeit money, shall not be covered by the Buyer Credit Guarantee, even in the event that they are expressly agreed in the contract between the Policyholder and his foreign debtor.

  • Seven members constitute a quorum of the Advisory Committee and no business may be transacted at a meeting of the committee unless a quorum is present.

  • The Policyholder must not rely on the argument that the Federal Government was or should have been aware of the content of such contracts or documents or of individual parts thereof at the time when the Federal Government assumed the Buyer Credit Guarantee.

  • However, the BCL shall not exceed a Single Buyer Credit Limit (SBCL).

  • Buyer Credit Guarantees – GC (FKG) (4) protracted default An amount is also deemed to be uncollectible for commercial reasons if and when the Guaranteed Amount has not been paid 1 month after the original due date and the Policyholder has, observing the standards of diligence dictated by sound banking practice, taken all due and reasonable measures to collect the debt.

Related to Buyer Credit

  • Customer Credit Liabilities means, at any time, the aggregate remaining balance reflected on the books and records of the Loan Parties at such time of (a) outstanding gift certificates and gift cards of the Loan Parties entitling the holder thereof to use all or a portion of the gift certificate or gift card to pay all or a portion of the purchase price for any Inventory, and (b) outstanding merchandise credits and customer deposits of the Loan Parties.

  • Other Creditors shall have the meaning provided in the recitals of this Agreement.

  • Earned credit means the amount of the bid incentive allocated to a contractor upon completion of a contract in which the contractor met or exceeded his or her goals for the utilization of BEPDs in the performance of the contract.

  • Company Credit Facility means the Credit Agreement, dated as of March 24, 2016, as amended and restated as of December 14, 2017, as further amended and restated as of May 7, 2019, as further amended and restated as of September 11, 2019, and as further amended and restated as of November 12, 2019, by and among Centene, the various financial institutions named therein, as lenders, and Wells Fargo Bank, National Association, as Administrative Agent, including any related notes, Guarantees, collateral documents, instruments and agreements executed in connection therewith, and in each case as amended, restated, modified, renewed, refunded, replaced or refinanced (in whole or in part) from time to time, whether or not with the same lenders or agent.

  • Special Conditions of Contract means the pages completed by the Procuring Entity entitled Special Conditions of Contract which constitute Part A of the Special Conditions.

  • BRRD Liability means a liability in respect of which the relevant Write Down and Conversion Powers in the applicable Bail-in Legislation may be exercised.

  • Defects Liability Expiry Certificate means the certificate to be issued by the Client to the Contractor, in accordance with the Contract.